Driven by a surge in mergers and acquisitions, China's investment in foreign countries skyrocketed to a total of US $57.2 billion at the end of 2005, according to sources.
Inspite of this quantum jump, the figure is relatively smaller than the US $60 billion that foreign companies invested in China last year.
More than half of the Chinese investment went into manufacturing ventures, including textiles, shoes, computers, machinery and pharmaceuticals.
Major investment destinations included Hong Kong, the United States, Japan and Russia.
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